$2,500,000
PENDING $1K PRICE INCREASE

11 Summer St Salem, MA 01970

Downtown Salem Neighborhood

Estimated payment $14,561/month

Total Views 8,900
10 Beds
6 Baths
6,744 Sq Ft
$371 Price per Sq Ft

Highlights

  • Marina
  • Community Stables
  • 0.3 Acre Lot
  • Golf Course Community
  • Medical Services
  • 4-minute walk to High Street Park

About This Home

Six family home with close to 7,000 sq. ft. of living space, on the biggest lot in downtown Salem, next to the Salem Inn. This property is zoned mixed use, so could have commercial and residential space. Great potential for further development. The house needs to be renovated. 10 garages and a large workshop above which could be converted into more units.

Listing Agent

Heather Klosowski

Heather Klosowski Real Estate Listed on: 10/04/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,045

Year Built

  • Built in 1870

Lot Details

  • 0.3 Acre Lot
  • Near Conservation Area
  • Level Lot
  • Irregular Lot

Parking

  • 10 Car Garage
  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Tar and Gravel Roof
  • Rubber Roof

Interior Spaces

  • 6,744 Sq Ft Home
  • Wood Flooring
  • Electric Dryer Hookup

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Sump Pump

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Salem Middle School
  • Salem High School

Utilities

  • No Cooling
  • 6 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number M:26 L:0461,2132698

Community Details

Overview

  • 6 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Community Stables
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $73,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,045

Year Built

Built in 1870

Lot Details

0

Parking

10

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1870
  • Buyer Agency: 1.5
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Flooring: Varies Per Unit,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen,Office/Den), Unit 2 Rooms(Living Room,Kitchen,Office/Den), Unit 3 Rooms(Living Room,Kitchen,Office/Den), Unit 4 Rooms(Living Room,Kitchen,Office/Den)
  • Fireplace YN: No
  • Appliances: Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 10
  • Full Bathrooms: 6
  • Total Bathrooms: 6
  • Total Bathrooms: 6
  • Basement: Full, Walk-Out Access, Interior Entry, Sump Pump, Unfinished
  • Living Area: 6744
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN2691
  • LIST PRICE PER Sq Ft: 370.7
  • PRICE PER Sq Ft: 370.7

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Irregular
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Tar/Gravel, Rubber
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 10
  • Covered Parking Spaces: 10
  • Garage YN: Yes
  • Parking Features: Off Street
  • Total Parking Spaces: 28

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer
  • Cooling: Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Cooling Y N: No
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 6
  • HEAT ZONES: 6
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:26 L:0461,2132698
  • Zoning: B5
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 13000
  • Lot Size Units: Acres
  • PAGE: 528
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 9045
  • Tax Book Number: 9487

Multi Family

  • Gross Income: 73200
  • Net Operating Income: 73200
  • Number Of Units Total: 6
  • Total Actual Rent: 5200
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1

MLS Schools

  • High School: Salem High
  • Middle Or Junior School: Salem

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2023 06/18/23 Price Changed $2,500,000 +4.2% $371 / Sq Ft
01/13/2023 01/13/23 Price Changed $2,400,000 +6.7% $356 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
10/23/2022 10/23/22 Price Changed $2,250,000 -10.0% $334 / Sq Ft
10/04/2022 10/04/22 For Sale $2,499,000 -- $371 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73044002

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Salem 01970 Downtown Salem

11 Summer St, Salem, MA

This home is located at 11 Summer St, Salem, MA 01970 and is currently priced at $2,500,000, approximately $370 per square foot. This property was built in 1870. 11 Summer St is a home located in Essex County with nearby schools including Saltonstall School, Carlton Elementary School, and Bates Elementary School.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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Heather Klosowski
Listing Agent
Heather Klosowski
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Heather Klosowski Real Estate
(978) 381-8897